Canada Mining News

Nighthawk hits high-grade at Treasure Island in NWT

Treasure Island is the northern-most project that is considered the most “fertile gold camp.”

De Beers to build Chidliak as FutureSmart mine

De Beers acquired Peregrine and all its Canadian projects in a friendly deal in September for 24 cents a share or $107 million.

Caterpillar plummets after flagging tariffs-triggered high material costs

The world's no.1 heavy machinery maker reported third-quarter earnings that topped analysts’ estimates, but said the ongoing trade dispute resulted in $40 million in extra costs for materials in the period.

De Beers diamond production falls 5 percent in third quarter

The world’s top diamond producer by value attributed the decline to planned volume reductions in Botswana and South Africa.

Iamgold to apply for mining concession at ‘promising’ project in Senegal

Company said feasibility study for its Boto gold asset outlines an economically robust, low cost production project which will produce 140,000 ounces of gold annually on average over a 13-year lifespan.

RNC kicks off gold exploration drilling program at Australian project

Objective is to expand upon the Father's Day Vein high grade gold discovery at the A Zone area of the Beta Hunt mine, near Kambalda, Western Australia.

Wolverine Mine could be sold soon

The mine has been closed since 2015 after Yukon Zinc lost over $100 million in each of the three years it was in production.

Hudbay Minerals investor calls special shareholder meeting

Private equity firm Waterton Global Resource Management, which now owns about 7 percent of Hudbay, called meeting after the Canadian base and precious metals refused a proposal for board changes.

Canada invests $12m to extract magnesium from asbestos tailings

The government has introduced new regulations to ban asbestos and products containing asbestos, but they don't apply to residues left from mining the carcinogenic material.

Nova Scotia needs $19.5m to unlock mineral potential

The mining and quarrying industry is seeking government funding for an airborne geophysical survey program, considered an essential tool for attracting investment and job creation to the province.

Acacia threatens Tanzania with legal action as dispute escalates

The company is also seeking direct talks with the country's government, as it's been excluded so far from negotiations between controlling shareholder, Barrick Gold, and President John Magufuli.

Mountain Province Diamonds latest sale nets $24 million

Mountain Province Diamonds is a 49% participant with De Beers in the Gahcho Kué diamond mine.

Rio Tinto announces support for North American employees affected by family and domestic abuse

Employees can now access up to 10 days of paid extra leave, flexible work hours, financial aid and emergency accommodation.

Canada drops US-made aluminum-can tariff amid beer can shortage

Canada's move to drop a 10 percent duty on U.S.-made aluminum cans is good news for Canadian beer makers battling a shortage of tall cans.

Hudbay investor is said to seek changes to miner's board

Waterton Global Resource Management has expressed its concerns to Hudbay Chairman Alan Hibben, telling him that it would reserve the right to do anything it deemed necessary to improve the company’s performance, said sources.

China seen sustaining recovery in global mining M&A

A rebound in mining mergers and acquisitions is set to continue into 2019, as a dearth of exploration spending leaves the industry in need of fresh investment.

Tanzania anti-corruption body charges Acacia subsidiaries with tax evasion, money laundering

The news comes barely a week after the company said another worker had been released on bail after being charged with corruption.

Second activist targets Detour; seeks board changes

US hedge fund Livermore Partners is calling for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company.

United States seeking Mexican steel export quotas – negotiator

The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs.

Rio Tinto delays start of Oyu Tolgoi expansion due to technical issues

First production from the $5.3 billion underground expansion of Oyu Tolgoi was originally scheduled for early 2020.

B.C’s historical Kootenay-Boundary district mining region gathers attention

Golden Dawn Minerals, KG Exploration Inc. and GGX Gold Corp. are among the companies setting foot in the area.

Canada’s Rusoro Mining reaches $1.3B deal with Venezuela

Settlement creates partnership that could lead to restarting production at Rusoro's former mines in the South American country.

Canada pessimistic about quick end to US metals tariffs

The US imposed the tariffs on Canada and Mexico in June. Although Canada and Mexico agreed a renewed continental trade deal last week, the measures remain.

Unloved gold sector regains shine with mergers, price spike

Darren Blasutti, President and CEO of Americas Silver says interest in the sector is picking up and that his company’s recently announced acquisition of Pershing Gold is a good example of that.

Canadian space mining developer inks deal with US-based Moon Express

The companies will focus on mining exploration on the lunar surface and expect to pre-test later stage activities, such as excavation and infrastructure buildup.